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Deepinder Goyal steps down as Eternal’s Group CEO
Deepinder Goyal on Wednesday said he will step down from his role as Eternal’s Group CEO to focus on new ideas and ventures. Albinder Dhindsa, who had co-founded Blinkit and joined Zomato when the quick commerce company got acquired, will take over the role as Eternal’s new Group CEO, Goyal said in the letter. “Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal. If these ideas belonged inside Eternal’s strategic scope, I would have pursued them within the company. They do not,” Goyal noted. In recent times, Goyal has explored ventures outside of Eternal, including setting up aviation startup LAT Aerospace, and running longevity focused research initiative at Continue. Recently, Moneycontrol had reported that Goyal is in talks to invest $25 million in spacetech startup Pixxel’s new funding round. Also ReadDeepinder Goyal on Jobs, Riders, and the Reality Behind 10-Minute DeliveryThis transition means that Dhindsa will oversee daily execution, operating priorities, and business decisions. Goyal added that Blinkit remains Eternal’s largest growth opportunity and Dhindsa‘s “top priority”. Goyal had co-founded Zomato in July… Read MoreYourStory RSS Feed
Varthana adds Symbiotics, Triple Jump to $16.5M debt funding round
Varthana Finance said it has raised about $16.5 million in fresh international debt to expand lending to affordable private schools in India, adding to a funding push that includes a water and sanitation–focused loan announced earlier this month.The Bengaluru-based non-bank lender secured a $6 million loan from WaterEquity, a US-based asset manager that invests exclusively in water and sanitation projects, alongside a $5 million non-convertible debenture investment from Switzerland-based Symbiotics and a 5 million euro external commercial borrowing from Netherlands-based impact fund Triple Jump, according to a statement on Tuesday.The latest transactions bring the total capital raised in the tranche to roughly $16.5 million, Varthana said in a statement on Tuesday. The funds will be used to expand lending to affordable private schools across India, including financing for school infrastructure.Also ReadHow NBFC Varthana helps Indian schools expand access to affordable educationWaterEquity’s $6 million loan is aimed at supporting investments in water, sanitation and hygiene facilities at schools serving low- and middle-income communities. “Children spend a significant portion of their day at school, and access to safe, dignified WASH facilities is essential to improving attendance and learning outcomes - particularly for girls,” said Amit Agarwal, Head of South and Central Asia… Read MoreYourStory RSS Feed



















